Daily review of BPA: limited procurement

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] September 24, 2009: The domestic BPA market purchases are limited and the market is consolidating.
On the last trading day (September 23), the mainstream transaction price in East China in the mainstream market continued to stay in the range of 10,800 to 10,900 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), there were not many discussions on the market that day, the reference negotiation interval was still there, the wait-and-see atmosphere remained unabated, and the buyers were not active in purchasing.
Pay close attention to the trend of raw materials and downstream Following up, the market is sluggish throughout the day, and merchants are not willing to sell goods at low prices.
Downstream manufacturers are testing inquiries and purchasing on demand; international crude oil fluctuates and Asian pure benzene markets are closed, market mentality is mixed, and the market is operating within a narrow range.
, Due to strong wait-and-see and weak buying momentum, there are not many transactions in the market, but the low-price supply is gradually disappearing.
Recently, the Asian market fluctuates within a narrow range.
The negotiated price is US$1230-1270/ton (CFR China's main port), and the high-end price is reduced by US$10/ton.
Due to the pressure of manufacturing costs, some of the negatives continue to fall.
Among them, major producers in Japan, South Korea and other regions, in late September ~ October plans to further reduce production by 20%.
The raw material phenol market is weak and consolidating.
The negotiated price in East China is 7800-7900 yuan/ton.
The trading atmosphere is normal, and the merchants are operating at stable prices.
They generally hold a stable view of the pre-holiday; the acetone market is weak and the overall trading atmosphere is weak.
The negotiated price in East China is 5850 yuan/ton, and the price of intermediate merchants is low, and some first-hand merchants wait and see.
Affected by the sluggish demand for controlled terminals, downstream manufacturers are not enthusiastic about stocking up before the holiday, the market as a whole has a strong wait-and-see attitude, and trading businesses have a stable mentality.

    On the last trading day (September 23), the domestic BPA market was not strong, and some merchants accompanied the shipment while waiting and saw, and the overall trading atmosphere was sluggish.

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